Abuja Homes - where to find affordable ones with great investment potential.
Buying Abuja homes is very exciting. Abuja is a city most Nigerians would love to live in because it has very good public infrastructure.
However, when it comes to price appreciation real estate in Nigeria is pretty crazy but logically demand outweighs supply heavily and most people are very keen to their own property.
I know of Abuja homes costing ₦16m in 2007 that are now being sold for ₦50m in 2009.
On my recent trip to the capital, I met a few professionals in the market including developers, home owners, marketers, agents and government workers.
One point they all agreed on is that if you really want to get onto the property ladder in Abuja or find great investments then look at the developing or surrounding districts of the city.
The development of Abuja is divided into Phases I-IV. Phase 1, which is 90% complete in terms of infrastructure and real estate was of the first five districts, The Central Area, Wuse, Maitama, Garki and Asokoro. Real estate prices in these areas is extremely high.
Phase II consists of the districts Kado, Durumi, Gudu, Utako and Jabi. Phase III, Mabuchi, Katampe, Wuye and Gwarimpa.
Other developing districts and towns include:Duboyi, Gaduwa, Dutse, Mabushi, Jahi, Kafe, Dape, Nbora, Pyakasa, Galadimawa, Okanje, Dakwo, Lokogoma, Wumba and Dakibiyu
I went to two developing districts just outside the Abuja Municipal area to see what was on offer in terms of houses to buy.
My journey took me to Life Camp close to the Wuye and Gwarimpa districts to visit Diamond Court and also Dakwo district along Games Village road to see SunnyVale Homes.
Click here to learn about Diamond Court, Life Camp
Click here for SunnyVale Homes.
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